Deep Deuce corner in Oklahoma City sells for $1.4 million
A prime corner of Deep Deuce — NE 4 and Walnut Avenue in Oklahoma City — has been acquired for $1.4 million by businessman Bob Meinders, who has plans to renovate part of the property into retail with an upstairs apartment.
A prime corner of Deep Deuce — NE 4 and Walnut Avenue — has been acquired for $1.4 million by businessman Bob Meinders, who has plans to renovate part of the property into retail with an upstairs apartment.
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Dec 18prime corner of Deep Deuce — NE 4 and Walnut Avenue in...
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Meinders, who recently sold the Stewart Metal Fabricators complex in nearby Bricktown to developers planning a mix of housing and retail, said the purchase was prompted by his search for storage space for items being moved out of the Stewart buildings.
The NE 4 and Walnut site, previously the longtime home of Fentriss Sound, was last owned by Smith Roberts Baldischwiler, an engineering firm based across the street. The corner is along a busy entry corridor to Deep Deuce and Bricktown.
“I was at the Deep Deuce Grill talking to some folks from Smith Roberts Baldischwiler, and I mentioned I needed storage, and they told me they had a building they weren't using,” Meinders said.
The 6,000-square-foot metal warehouse, now hidden by brush and overgrown trees, was ideal for Meinders' needs. He saw the older two-story brick building, facing Walnut with adjoining new surface parking, as ideal for commercial redevelopment.
“They bought it for expansion. The economy and their business changed, and they didn't have a need for that property,” Meinders said.
Meinders said he plans to make quick improvements to the site. The older building, built in the 1920s, spans 5,600 square feet. He plans to turn the second story into an apartment, and believes the first floor will be ideal for a restaurant or retail.
“This is a property I'm going to hang onto the rest of my life,” Meinders said. “It needs to be improved and cleaned up. … The apartment I might move into someday. The view from there of downtown is astronomical.”